ABM Industries Stock Forecast - Day Typical Price
| ABM Stock | USD 44.46 0.89 2.04% |
ABM Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast ABM Industries stock prices and determine the direction of ABM Industries Incorporated's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of ABM Industries' historical fundamentals, such as revenue growth or operating cash flow patterns. Although ABM Industries' naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of ABM Industries' systematic risk associated with finding meaningful patterns of ABM Industries fundamentals over time.
Check out Historical Fundamental Analysis of ABM Industries to cross-verify your projections. ABM |
Open Interest Against 2024-04-19 ABM Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast ABM Industries' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in ABM Industries' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for ABM Industries stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current ABM Industries' open interest, investors have to compare it to ABM Industries' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of ABM Industries is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in ABM. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in ABM Industries cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the ABM Industries' time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets ABM Industries' price structures and extracts relationships that further increase the generated results' accuracy.
Typical Price is calculated as arithmetic average of the high, low and closing price for a given trading period.| Previous Day Typical Price | Day Typical Price | Trend |
| 44.18 | 44.18 |
| Check ABM Industries Volatility | Backtest ABM Industries | Information Ratio |
ABM Industries Trading Date Momentum
| On April 16 2024 ABM Industries Incorporated was traded for 44.46 at the closing time. Highest ABM Industries's price during the trading hours was 44.49 and the lowest price during the day was 43.59 . There was no trading activity during the period 0.0. Lack of trading volume on the 16th of April 2024 did not affect price variability. The overall trading delta to current price is 1.84% . |
The period considered in calculating typical price is a single trading day, however the typical price can also be applied to other time spans such as a week, month or year.
| Compare ABM Industries to competition |
Other Forecasting Options for ABM Industries
For every potential investor in ABM, whether a beginner or expert, ABM Industries' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. ABM Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in ABM. Basic forecasting techniques help filter out the noise by identifying ABM Industries' price trends.ABM Industries Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ABM Industries stock to make a market-neutral strategy. Peer analysis of ABM Industries could also be used in its relative valuation, which is a method of valuing ABM Industries by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ABM Industries rporated Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of ABM Industries' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of ABM Industries' current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
ABM Industries Market Strength Events
Market strength indicators help investors to evaluate how ABM Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading ABM Industries shares will generate the highest return on investment. By undertsting and applying ABM Industries stock market strength indicators, traders can identify ABM Industries Incorporated entry and exit signals to maximize returns.
ABM Industries Risk Indicators
The analysis of ABM Industries' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in ABM Industries' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting abm stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.06 | |||
| Semi Deviation | 1.3 | |||
| Standard Deviation | 1.48 | |||
| Variance | 2.2 | |||
| Downside Variance | 1.89 | |||
| Semi Variance | 1.69 | |||
| Expected Short fall | (1.13) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
ABM Industries Investors Sentiment
The influence of ABM Industries' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ABM. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to ABM Industries' public news can be used to forecast risks associated with an investment in ABM. The trend in average sentiment can be used to explain how an investor holding ABM can time the market purely based on public headlines and social activities around ABM Industries Incorporated. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
ABM Industries' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ABM Industries' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ABM Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on ABM Industries.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ABM Industries in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ABM Industries' short interest history, or implied volatility extrapolated from ABM Industries options trading.
Pair Trading with ABM Industries
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ABM Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ABM Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with ABM Stock
| 0.87 | NL | NL Industries | PairCorr |
Moving against ABM Stock
| 0.81 | HDSN | Hudson Technologies Financial Report 1st of May 2024 | PairCorr |
| 0.75 | SOS | SOS Limited Report 16th of May 2024 | PairCorr |
| 0.67 | SMX | SMX Public Limited | PairCorr |
| 0.61 | ACCO | Acco Brands Financial Report 2nd of May 2024 | PairCorr |
| 0.59 | AMBI | Ambipar Emergency Report 10th of May 2024 | PairCorr |
The ability to find closely correlated positions to ABM Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ABM Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ABM Industries Incorporated to buy it.
The correlation of ABM Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ABM Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM Industries rporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for ABM Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of ABM Industries to cross-verify your projections. Note that the ABM Industries rporated information on this page should be used as a complementary analysis to other ABM Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for ABM Stock analysis
When running ABM Industries' price analysis, check to measure ABM Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ABM Industries is operating at the current time. Most of ABM Industries' value examination focuses on studying past and present price action to predict the probability of ABM Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABM Industries' price. Additionally, you may evaluate how the addition of ABM Industries to your portfolios can decrease your overall portfolio volatility.
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Is ABM Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ABM Industries. If investors know ABM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ABM Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.207 | Dividend Share 0.885 | Earnings Share 3.91 | Revenue Per Share 125.187 | Quarterly Revenue Growth 0.039 |
The market value of ABM Industries rporated is measured differently than its book value, which is the value of ABM that is recorded on the company's balance sheet. Investors also form their own opinion of ABM Industries' value that differs from its market value or its book value, called intrinsic value, which is ABM Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ABM Industries' market value can be influenced by many factors that don't directly affect ABM Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ABM Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if ABM Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABM Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.